Reduction in Management Fees
Source: RNSBAILLIE GIFFORD US GROWTH TRUST PLC (USA)
("The Company")
Legal Entity Identifier: 213800UMIOUWXZPKE539
Reduction in Management Fees
The Board of Baillie Gifford US Growth Trust plc announces that the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co Limited, has been reduced. With effect from 1 September 2021, the annual management fee on net assets in excess of £1 billion will be charged at a lower marginal rate of 0.50%.
The annual management fee is now as follows: 0.70% on the first £100 million of net assets, 0.55% on the next £900 million of net assets and 0.50% for net assets in excess of £1 billion. The fee will continue to be calculated and paid on a quarterly basis.
Baillie Gifford & Co Limited
Company Secretaries
20 September 2021
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.